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Gold and Silver Market Morning

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Technical commentary and reports on gold and silver and more

Gold and Silver Market Morning Report for June 15, 2015

Gold and Silver Today: Gold – New York closed at $1,181.00 down $0.50. Today sees the dollar weaker at $1.1215 down from $1.1189 a quarter of a cent weaker against the euro with the dollar index weaker at 95.28 down from 95.40. The LBMA Gold Price was set at $1,178.25 down $1.00 with the equivalent euro price at €1,053.98 up €6.18. Ahead of New York’s opening, gold was trading in London at $1,181.50 and in the euro at €1,051.58.

Silver – New York closed at $1,181.00 down $0.50. Today sees the dollar weaker at $1.1215 down from $1.1189 a quarter of a cent weaker against the euro with the dollar index weaker at 95.28 down from 95.40. The LBMA Gold Price was set at $1,178.25 down $1.00 with the equivalent euro price at €1,053.98 up €6.18. Ahead of New York’s opening, gold was trading in London at $1,181.50 and in the euro at €1,051.58.

No matter how much we want different news, we continue to see Greece push its way to center stage. The weekend meetings continued to point to no agreement and there are 15 days to the end of the month when a far too large payment is due from Greece, which it can’t pay. The Finance Minister tells all that without a reduction in the debt, Greece can’t pay.

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